Active Listing  ·  102 days on market

305 Grove Ct

Horseshoe Bay, TX 78657
$995,000
3 Bed 3 Bath 2,395 sqft $415/sqft Built 2027 0.18 acres 2-Car Garage Pool Summit Rock

Spec home to be built by Modern Homestead this year in The Grove at Summit Rock. 305 Grove Ct offers a more traditional and approachable layout for buyers who want new construction in Summit Rock with the chance to get in early enough to make select choices and enjoy a more semi-custom experience. Backing to the creek and golf course corridor and located just steps from the new Summit Rock clubhouse and the Barn fitness facility, this modern farmhouse is designed to combine everyday comfort with lock and leave ease. The approved floor plan includes approximately 2,395 square feet of conditioned living space with open kitchen, dining, and living areas, a spacious covered veranda, a main level primary suite, an additional main level guest bedroom, and an upstairs retreat with a third bedroom, bath, and study. A valuable developer provided Summit level waiver opportunity is available, subject to membership application, approval, and applicable terms of The Club at Horseshoe Bay Resort. Renderings are conceptual and final specifications are subject to change.

At $415/sqft, this home is 14% below the Horseshoe Bay active market average of $481/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

305 Grove Ct, Horseshoe Bay, TX 78657

Property Details

Price $995,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,395 sqft
Lot Size 0.18 acres (7,840.8 sqft)
Year Built 2027
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Summit Rock
County Llano
Zip Code 78657
$/sqft $415/sqft
Days on Market ,
HOA $2,334.69/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227048790
List Date April 24, 2026
Elementary School Packsaddle
Middle School Llano
High School Llano
School District ,

Luke Allen (TREC #788149) has deep knowledge of Horseshoe Bay and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Horseshoe Bay

Comparable Listings Right Now

Homes currently for sale in Horseshoe Bay with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
2508 Diagonal Dr
Hidden Coves
$995,000 $358 4 bd / 4 ba 2,781 sqft , 2026-03-07
710 Sandy Harbor Dr
Sandy Harbor
$999,000 $452 3 bd / 2 ba 2,210 sqft , 2026-03-29
104 Smugglers Cv
Horseshoe Bay West
$999,000 $316 4 bd / 3 ba 3,160 sqft , 2026-03-30
103 Stillwater None
Horseshoe Bay West
$999,999 $338 3 bd / 4 ba 2,959 sqft , 2026-02-04
304 Hi Ridge None
Horseshoe Bay
$1,000,000 $344 4 bd / 4 ba 2,904 sqft , 2025-04-28

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$4,776/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$199,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$4,776
Principal + Interest−$5,430
Property Tax (~2.1% TX avg)−$1,741
Insurance (~0.5%)−$415
Est. Monthly Cash Flow $-2,810

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Horseshoe Bay, TX

Horseshoe Bay sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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